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Takeda, Eli Lilly Stuck With $9B Actos Verdict

A Louisiana federal judge on Thursday denied a Takeda Pharmaceutical Co. Ltd. and Eli Lilly & Co. bid to overturn the $9 billion verdict in a bellwether trial over allegations the companies hid the cancer risks of diabetes drug Actos, upholding the jury's punitive damages award.

  • Calif. High Court Clears Domino's In Harassment At Franchise

    The owner of a California Domino’s Pizza franchise was the sole employer responsible for handling a sexual harassment complaint in his store, the California Supreme Court ruled on Thursday in a decision that shifted liability away from the pizza chain’s corporate headquarters.

  • UK Fines Deutsche Bank £4.7M Over Swap-Reporting Flaws

    A London-based office of Deutsche Bank AG has agreed to pay £4.7 million ($7.8 million) to settle claims by the U.K. Financial Conduct Authority that, for 5 1/2 years, it misreported critical information about some 29 million equity swap transactions, the regulator said Thursday.

  • Dollar General Still Angling For $9B Family Dollar Pickup

    Dollar General Corp. said Thursday that it remained “firmly committed” to its $8.9 billion bid for Family Dollar Stores Inc. after the target flagged antitrust issues with the proposal and said it instead would pursue a less lucrative tie-up with a third discount retailer.

  • SEC's Lauded Securitization Rules Still Pack Big Burdens

    The U.S. Securities and Exchange Commission answered some industry complaints when passing vast new rules over bond deals at the heart of the financial crisis, but broad new disclosure requirements around asset-backed securities could push more of the business to the private market exempted by Wednesday's rulemaking, attorneys said.

  • Schlumberger Fined, Trade Secrets Suit Against Ex-Atty Gutted

    Schlumberger Ltd. was ordered to pay $600,000 in attorneys' fees and sanctions on Wednesday after a Texas judge threw out the majority of a lawsuit the company had filed accusing its former chief intellectual property lawyer of sharing trade secrets with Acacia Research Group.